EP 32: Simplified Explanation of 15 DeFi and Crypto Terms || Human Glossary

As much as I want to say DeFi and crypto is easy to enter, it is not easy to fully grasp and understand it. First you need to understand technology. Then to understand math, finance and economics. This channel is to help you bridge the learning gaps. A subscriber, shout out to Magnus, mentioned that a general ELI5 episode would be good to run through the few common terms. Here, I've picked up 15 terms that are commonly used. Instead of giving you the "just google what it means" term, this is an ELI5 explanation with human explanation. That's the best way to learn, in my experience. 15 terms we run through and explain: *General Classification* 1) Layer 1 2) Layer 2 3) Dapp *DeFi General Terms* 4) DeFi 5) Money Lego 6) Compostability *Scalability Problem + Solution* 7) Scalability (oh damn I spelt it wrong. Sorry guys) 8) Sidechain 9) Roll-ups *More Technical Elaboration* 10) ZK roll-up 11) Optimistic roll-up 12) ZK-SNARKS *Other Terms* 13) Quadratic Funding 14) Flash loans 15) Front Running Want more in-depth content? Join our patreon for premium content at www.patreon.com/economicsdesign 🔥 Listen on Podcast: https://bit.ly/ED-podcast 📚 TLDR on Substack: https://economicsdesign.substack.com 👉🏻 Nerd out on https://www.economicsdesign.com/ 😎 Level up with #TokenEconomics course: https://education.economicsdesign.com/ *Disclaimer* This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results. #defiglossary #ELI5 #defi #economicsdesign #tokeneconomics #tokenomics #DeFi